I mean really The Central Bankers can't do anything to fix this mess, they've already done their part.
Congress, and The Corporations have to do their end of the job now.
Interest rates must stay steady.
I mean really The Central Bankers can't do anything to fix this mess, they've already done their part.
Congress, and The Corporations have to do their end of the job now.
Interest rates must stay steady.
Never underestimate the central bankers ability to punt the can down the road.
I mean they could totally lower interest rates to stimulate the economy but that will either make inflation spiral out of control, or make the next economic problem much more difficult, if not impossible to address.
After covid, it showed us we need interest rates as a weapon to protect ourselves from stagnation, we were high off of easy credit for 20 years that it removed all options for us to keep the economy afloat.
We need to fix the fiscal end, so monetary, and fiscal policy can be properly manipulated.
Yes, call me a retarded faggot but I think The Federal Reserve beast can be controlled, and I think Jerome Powell has been relatively competent at his job.
I would say that in practice I'm closer to Chicago than Austrian, however in a Utopian world I would support Austrianism over Chicago but we have to wean ourselves off the high we've been on for the last decade to 50+ years, I don't think Cold Turkeying the economy is smart but I could be wrong 🤷♂️.
It will be all fine until it isn't 😁